Segment Information |
We also separately identify our corporate overhead which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.
|
|
Three Months Ended September 30, 2017 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Product sales |
|
$ |
52,440 |
|
|
$ |
5,590 |
|
|
$ |
- |
|
|
$ |
58,030 |
|
Processing fees |
|
|
1,519 |
|
|
|
1,959 |
|
|
|
- |
|
|
|
3,478 |
|
Total revenues |
|
|
53,959 |
|
|
|
7,549 |
|
|
|
- |
|
|
|
61,508 |
|
Operating profit (loss) before depreciation and amortization |
|
|
9,319 |
|
|
|
(587 |
) |
|
|
(1,957 |
) |
|
|
6,775 |
|
Operating profit (loss) |
|
|
7,735 |
|
|
|
(1,795 |
) |
|
|
(1,975 |
) |
|
|
3,965 |
|
Profit (loss) before taxes |
|
|
7,149 |
|
|
|
(1,975 |
) |
|
|
(2,879 |
) |
|
|
2,295 |
|
Depreciation and amortization |
|
|
1,584 |
|
|
|
1,208 |
|
|
|
18 |
|
|
|
2,810 |
|
Capital expenditures |
|
|
9,426 |
|
|
|
1,991 |
|
|
|
- |
|
|
|
11,417 |
|
|
|
Nine Months Ended September 30, 2017 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Product sales |
|
$ |
147,339 |
|
|
$ |
18,606 |
|
|
$ |
- |
|
|
$ |
165,945 |
|
Processing fees |
|
|
5,078 |
|
|
|
8,142 |
|
|
|
- |
|
|
|
13,220 |
|
Total revenues |
|
|
152,417 |
|
|
|
26,748 |
|
|
|
- |
|
|
|
179,165 |
|
Operating profit (loss) before depreciation and amortization |
|
|
26,294 |
|
|
|
969 |
|
|
|
(5,978 |
) |
|
|
21,285 |
|
Operating profit (loss) |
|
|
21,610 |
|
|
|
(2,264 |
) |
|
|
(6,027 |
) |
|
|
13,319 |
|
Profit (loss) before taxes |
|
|
19,750 |
|
|
|
(2,534 |
) |
|
|
(11,209 |
) |
|
|
6,007 |
|
Depreciation and amortization |
|
|
4,684 |
|
|
|
3,233 |
|
|
|
49 |
|
|
|
7,966 |
|
Capital expenditures |
|
|
27,203 |
|
|
|
12,047 |
|
|
|
- |
|
|
|
39,250 |
|
|
|
Three Months Ended September 30, 2016 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Product sales |
|
$ |
47,250 |
|
|
$ |
4,865 |
|
|
$ |
- |
|
|
$ |
52,115 |
|
Processing fees |
|
|
2,909 |
|
|
|
2,118 |
|
|
|
- |
|
|
|
5,027 |
|
Total revenues |
|
|
50,159 |
|
|
|
6,983 |
|
|
|
- |
|
|
|
57,142 |
|
Operating profit (loss) before depreciation and amortization |
|
|
7,813 |
|
|
|
118 |
|
|
|
(1,238 |
) |
|
|
6,693 |
|
Operating profit (loss) |
|
|
6,366 |
|
|
|
(987 |
) |
|
|
(1,251 |
) |
|
|
4,128 |
|
Profit (loss) before taxes |
|
|
5,812 |
|
|
|
(1,063 |
) |
|
|
(182 |
) |
|
|
4,567 |
|
Depreciation and amortization |
|
|
1,447 |
|
|
|
1,105 |
|
|
|
13 |
|
|
|
2,565 |
|
Capital expenditures |
|
|
5,411 |
|
|
|
4,066 |
|
|
|
- |
|
|
|
9,477 |
|
|
|
Nine Months Ended September 30, 2016 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Product sales |
|
$ |
129,076 |
|
|
$ |
14,585 |
|
|
$ |
- |
|
|
$ |
143,661 |
|
Processing fees |
|
|
6,769 |
|
|
|
7,766 |
|
|
|
- |
|
|
|
14,535 |
|
Total revenues |
|
|
135,845 |
|
|
|
22,351 |
|
|
|
- |
|
|
|
158,196 |
|
Operating profit (loss) before depreciation and amortization |
|
|
25,699 |
|
|
|
2,774 |
|
|
|
(5,128 |
) |
|
|
23,345 |
|
Operating profit (loss) |
|
|
21,488 |
|
|
|
(171 |
) |
|
|
(5,148 |
) |
|
|
16,169 |
|
Profit before taxes* |
|
|
19,696 |
|
|
|
11,427 |
|
|
|
259 |
|
|
|
31,382 |
|
Depreciation and amortization |
|
|
4,211 |
|
|
|
2,945 |
|
|
|
20 |
|
|
|
7,176 |
|
Capital expenditures |
|
|
16,812 |
|
|
|
11,059 |
|
|
|
- |
|
|
|
27,871 |
|
*Profit (loss) before taxes for the specialty wax segment includes a bargain purchase gain of $11.5 million.
|
|
September 30, 2017 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Goodwill and intangible assets, net |
|
$ |
- |
|
|
$ |
43,071 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
43,071 |
|
Total assets |
|
|
246,679 |
|
|
|
116,494 |
|
|
|
94,747 |
|
|
|
(151,121 |
) |
|
|
306,799 |
|
|
|
Year Ended December 31, 2016 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Goodwill and intangible assets, net |
|
$ |
- |
|
|
$ |
44,467 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
44,467 |
|
Total assets |
|
|
219,376 |
|
|
|
113,676 |
|
|
|
106,428 |
|
|
|
(148,996 |
) |
|
|
290,484 |
|
|